Marks and Spencer Group (OTCMKTS:MAKSY) Trading Down 1.7% - What's Next?

Key Points

• Marks and Spencer Group's share price dropped by 1.7% to a last traded price of $8.77, with trading volume decreasing significantly to 77,426 shares.
• Peel Hunt downgraded the company from a "strong-buy" to a "hold" rating, suggesting caution among analysts.
• The company announced an increased dividend of $0.0698 per share, demonstrating a positive change from the previous dividend of $0.03 and a substantial dividend yield of 91.0%.

Marks and Spencer Group PLC (OTCMKTS:MAKSY - Get Free Report) shares dropped 1.7% during trading on Thursday . The company traded as low as $8.75 and last traded at $8.77. Approximately 77,426 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 483,146 shares. The stock had previously closed at $8.92.

Analyst Upgrades and Downgrades

Separately, Peel Hunt cut Marks and Spencer Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 21st.

Marks and Spencer Group Stock Down 1.7%

The business has a 50-day moving average of $9.61 and a 200-day moving average of $9.57. The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 0.88.

Marks and Spencer Group Increases Dividend

The company also recently declared a dividend, which was paid on Friday, July 11th. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.0698 per share. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 91.0%. This is a positive change from Marks and Spencer Group's previous dividend of $0.03.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.

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